I am not looking for tax or legal advice, just want to ensure I am filing the correct form.Thanks!

You can then pull from that account going forward with the proper authorization. 

How do you properly account for the hours spent doing real estate activities?

I would pick as much house as possible in the best school district (even with no kids), to ensure that demand for my house would stay high if I sold. 

Basically, the IRS wants to ensure that you invest an equal or greater amount of EQUITY AND RELIEVED DEBT in the replacement property.

This was before I learned how to properly analyze a deal.

Having then paid them off, I'm left with the Bank's mortgage and hopefully some cash left over to Repeat.Is this the proper use of this method, in its basic form?

Then your property becomes neglected and a pain and you end up selling to someone who knows how to run a tighter ship and knows how to get your asset to perform properly.

When my company runs a screening report, the applicant must match their application information in addition to their SSN to what shows on the screening report to ensure it is them.

If you had your own attorney handle it, then they should have insured that your loan is properly recorded, so not a lawyer, no legal advice, but I'd think that worst case, you'd need to foreclose and take the house back if he doesn't perform.